SAN DIEGO -- November 21, 2002 -- Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, congratulates Movilnet, a Cantv (ADR) company and provider of products and services for voice, data, Internet access, cellular telephony and telephone directories, on its commercial launch of third-generation (3G) CDMA2000 1X services. Movilnet recently commenced its 3G services at a launch ceremony held November 20, 2002 in Caracas, Venezuela.
"The addition of CDMA2000 1X to Movilnet's current TDMA system further positions the company as a leader in the wireless market, providing its consumers significant value-added 3G services," said Jeff Jacobs, president of global development for Qualcomm. "Movilnet will now be able to deliver cost-effective, high-quality voice and data wireless services as well as a wide range of compelling devices and applications to its consumers."
"With CDMA2000 1X, Movilnet can offer advanced data and multimedia mobile applications and personal services, adding 'mobility' as a new dimension to Internet services," said Gustavo Roosen, president of Cantv-Movilnet. "The coexistence of these two networks will help us offer an increased number of new products and services, allowing the company to deliver more value to its customers, based on their economic and individual needs."
Since the introduction of CDMA2000 1X in October 2000, there have been 21 carrier launches in 11 countries worldwide. Qualcomm supports CDMA2000 1X with chipsets and system software that offer a variety of advanced features, including multimedia and position location technologies. For further information on 3G, please visit www.3gtoday.com.
Qualcomm Incorporated (www.qualcomm.com) is a leader in developing and delivering innovative digital wireless communications products and services based on the Company's CDMA digital technology. Headquartered in San Diego, Calif., Qualcomm is included in theS&P500 Index and traded on The Nasdaq Stock Market® under the ticker symbol QCOM.
Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties, including the Company's ability to successfully design and have manufactured significant quantities of CDMA components on a timely and profitable basis, the extent and speed to which CDMA is deployed, change in economic conditions of the various markets the Company serves, as well as the other risks detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended September 30, 2002, and most recent Form 10-Q.